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Why energy companies are making so much profit despite UK windfall taxes

  • Written by Karl Matikonis, Lecturer at Queen's Management School, Queen's University Belfast
Why energy companies are making so much profit despite UK windfall taxesThe UK has increased its windfall tax on profits from oil and gas extraction.CloudVisual/Shutterstock

Russia’s invasion of Ukraine last year caused oil and gas prices to surge, triggering a cost of living crisis in many countries, including the UK.

To pay for support for households and businesses experiencing this energy price crisis, the...

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